Tempo Wealth: SpaceX becomes its largest reported holding

The newly reported $115.5 million position represents about 14% of a disclosed portfolio. Concentration is the research question, while cost and purchase timing remain unknown.

Anuj Saxena · Founder, TradingEdgeIQ

Tempo Wealth's newest public holdings report has a new name at the top: SpaceX. The reported value is about $115.5 million. The more useful question is how much of the disclosed portfolio that represents.

In the report filed October 14, 2026, the position makes up approximately 14.1% of the holdings listed. That is roughly one dollar in every seven concentrated in one company.

This article explains the change between two quarterly reports and why the size of a position can matter as much as the company name. It also explains what the disclosure cannot tell us.

Previous in this series: Analog Devices: a routine disclosure leads to an unexpected AI story.

The reported change

Tempo Wealth, LLC, an investment manager based in Ohio, filed a Form 13F covering September 30. A Form 13F is a periodic report of certain securities held by an investment manager.

The report lists 245 holdings with a combined reported value of $820,710,054. Space Exploration Technologies Corp., Class A, appears with 765,649 shares valued at $115,505,802. It is the largest line in the report. Parker-Hannifin, the next largest, represents approximately 8.9% of the reported total.

SpaceX is absent from Tempo's preceding June 30 report. Comparing the complete reports by security identifier as well as issuer name supports describing it as a newly reported position.

Why concentration matters

When one company occupies a large part of a portfolio, its performance can have a larger influence on the whole. That creates a specific research question: how does this holding fit with the manager's other investments and its approach to managing risk?

The report does not explain the manager's motive. Nor does a large position by itself tell us that the choice is prudent, mistaken or appropriate for another investor.

Concentration is a feature to understand, not a recommendation to copy.

What remains unknown

The $115.5 million figure is the reported value on September 30. It is not proof that Tempo spent that amount buying the shares, and the October filing date is not the purchase date.

The report also does not reveal the exact acquisition date or whether the position remains in place today. It covers a defined set of reportable securities, not every asset held by the manager or its clients. The approximately 14% therefore describes this report, not total client wealth or all assets under management.

Future reports may show the position growing, shrinking or disappearing. Reading those changes alongside other public information would help develop the research picture.

At TradingEdgeIQ, we study public filings like this one and ask clear research questions. This case makes no claim about a product score, early detection, investment performance or access to a specific authenticated report.

The takeaway

A newly reported position became the largest holding in Tempo's September report. Its concentration makes it worth investigating. The same disclosure limits what can be concluded about purchase timing, cost, motive and current exposure. Good research keeps both the change and those limits visible.

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Previous in this series: Analog Devices: a routine disclosure leads to an unexpected AI story.

Research and analytics only. No auto-trading. No financial advice. Historical and simulated results do not guarantee future performance.

Image credit: U.S. Space Force photo by Senior Airman Samuel Becker (public domain), via Wikimedia Commons. Editorial context only; no U.S. Space Force or Department of Defense endorsement implied.

Research and analytics only. No auto-trading. No financial advice. Historical and simulated results do not guarantee future performance.